Minera IRL Limited

Result of Extraordinary General Meeting

London, 25 May 2010: Minera IRL Limited (Minera IRL or the Company), (TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin American focused gold mining, development and exploration company, announces that at the Company's Extraordinary General Meeting (EGM) held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed.

The passing of the resolutions at the EGM gives the directors authorisation to issue up to a maximum of 29,986,311 ordinary shares of no par value and authority to disapply pre-emption rights.

Details of the proxy votes received by the Company before the EGM in respect of each resolution will shortly be available on the Company website www.minera-irl.com.

For more information please contact: Minera IRL Trish Kent, Vice President, Corporate Relations

+511 4181230

Arbuthnot Securities (Nominated Adviser & Broker, London) + 44 (0)20 7012 2000 Nick Tulloch Bankside Consultants (Financial PR, London) Simon Rothschild Louise Mason

+ 44 (0)20 7367 8888

The Equicom Group Inc. (Investor Relations, Canada) James Kitchen, Account Executive

+1 416 815 0700 (ext 267)

Minera IRL Limited is the TSX, AIM and BVL, Lima listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group

operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina. The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. Some of the statements contained in this release are forward-looking statements, such as the anticipated use of proceeds and closing of the Offering estimates and statements that describe the Companys future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.

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